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Buying a business: Arizona vs Colorado

Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.

Arizona

1,184 active listings
Active listings1,184
Median asking$300,000 Edge
Median cash flow$175,244 Edge
Typical multiple1.7×
Owner-earnings yield~58%
Median revenue$645,302
VS

Colorado

1,334 active listings
Active listings1,334 Edge
Median asking$341,423
Median cash flow$156,034
Typical multiple2.2×
Owner-earnings yield~46%
Median revenue$697,271

Who wins?

Colorado has 13% more businesses on the market than Arizona (1,334 vs 1,184). Arizona is cheaper at the median asking price. Arizona trades at a lower multiple (1.7× vs 2.2×), meaning you pay less per dollar of cash flow there.

MetricArizonaColorado
Active listings1,1841,334
Median asking$300,000$341,423
Median cash flow$175,244$156,034
Typical multiple1.7×2.2×
Owner-earnings yield~58%~46%
Median revenue$645,302$697,271
Related comparisons

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